Number of first time buyers completing mortgages via intermediaries at three year high
The completion rate for mortgage offers to first time buyers in the UK via intermediaries reached a three year high of 89% in the fourth quarter 2018, new figures from the industry show. Overall, the rate of completed mortgage offers for first time buyers handled by mortgage intermediaries increased by 8%, up from 81% in the third quarter of 2018 and 20% more than in the first quarter of 2016 when mortgage brokers reported that only 69% of first time buyer offers reached completion.